Highpine Oil & Gas Limited announces third quarter 2008 results release and conference call

    CALGARY, Oct. 30 /CNW/ - Highpine Oil & Gas Limited (TSX: HPX)
("Highpine") will announce its third quarter 2008 results at the close of
markets on Tuesday, November 4, 2008. Highpine will host a conference call to
discuss its third quarter 2008 results at 2:30 p.m. MDT on Tuesday,
November 4, 2008. The call can be accessed toll free by dialing Canada and
USA: 1-800-319-4610; Outside Canada and USA: 1-604-638-5340. Please dial in 10
to 15 minutes prior to the start of the call. The conference call will also be
broadcast live over the internet on Highpine's website located at
www.highpineog.com. Digital Playback will be available until December 4, 2008
in North America Toll Free: 1-800-319-6413, Pin Code: 6639 followed by the No.
sign.

    Highpine is a Calgary-based oil and natural gas company engaged in
exploration for and the acquisition, development and production of natural gas
and crude oil in western Canada. Highpine's current exploration and
development efforts are focused in the West Pembina Nisku and West Central
Alberta Gas Fairway, both located in Central Alberta. The company's class A
common shares trade on the Toronto Stock Exchange under the symbol "HPX".

For further information:

For further information: Jonathan A. Lexier, President and Chief
Executive Officer, Tel: (403) 508-9550, jlexier@highpineog.com; Harry D.
Cupric, Vice President, Finance and Chief Financial Officer, Tel: (403)
508-9595, hcupric@highpineog.com, Fax: (403) 508-9503, Website:
www.highpineog.com